EURUSD
The pair is supported amid increasing likelihood of the Fed reducing interest rates this year. The anticipation of lower interest rates will restore the USD to the role of a funding currency, which will weaken it further.
The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is in the overbought territory. Stoch are also there.
Trading recommendations:
If the pair goes above 1.1260 and stays there, technically it will have the potential for local growth to 1.1325.